About your Search

20121101
20121130
Search Results 0 to 3 of about 4 (some duplicates have been removed)
of the hour. good morning, everyone. i'm christine romans. president obama won four more years. now it's about his legacy. standing in his way, an unnecessary fiscal disaster, the struggling labor market, a global economy that's slowing and the uncertain future of our children and grandchildren. dear mr. president, when it comes to this country's financial future, you've got four years and 4 major tasks. first, the fiscal cliff. there's no time to waste. on january 1, taxes rise and government spending is cut, sending not just us but potentially the world back into a recession. next on the list, jobs. hiring is picking up, but we must do better. the middle class has been hit hard. its wealth fell 28% in the last decade. why? >> changes that were taking place in china. >> some emerging markets like china. >> china needs the united states. >> mostly by keeping its currency low, china can sell products for less than they're worth, making it hard for american companies to compete. that means fewer jobs and lower wages here in the u.s. we need a smart trade policy that protects american workers wit
obama, say raise those taxes on the rich but keep them low for everyone else. that's the deadlock, an here's that cliff. if lawmakers don't act the consequences will be felt by just about all of us, taxes for 90% of americans would rise next year. according to the non-partisan tax policy center, your income tax bill would rise $3,500 and if you make 50 grand a year the taxes will raise 2 grand and the infamous 1%, the taxes on them would rise an average of $25,000. that's if we go off the fiscal cliff and the thing we're trying to avoid. say we avoid the fiscal cliff, some americans will pay higher taxes. will crain a cnn contributor, licking his wounds since election day and jean, republicans are now on board by raising revenue by cutting tax breaks, but they are not on board with raising tax rates. >> no, they are not. >> some of them have pledged they will never, ever do that. how do we reconcile, that that's the challenge. >> you know, president obama came out this week and said compromise is hard, but we've got to do and do it together. he is still sticking the i want to rais
Search Results 0 to 3 of about 4 (some duplicates have been removed)

Terms of Use (10 Mar 2001)